DAKTRONICS INC (DAKT)
US2342641097 - Common Stock
Taking everything into account, DAKT scores 5 out of 10 in our fundamental rating. DAKT was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. DAKT scores excellent on profitability, but there are some minor concerns on its financial health. DAKT has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
DAKT had positive earnings in the past year.
DAKT had a positive operating cash flow in the past year.
DAKT had positive earnings in each of the past 5 years.
DAKT had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
DAKT's Return On Assets of 1.89% is in line compared to the rest of the industry. DAKT outperforms 56.10% of its industry peers.
With a decent Return On Equity value of 4.40%, DAKT is doing good in the industry, outperforming 61.79% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 15.41%, DAKT belongs to the top of the industry, outperforming 94.31% of the companies in the same industry.
DAKT had an Average Return On Invested Capital over the past 3 years of 9.95%. This is in line with the industry average of 8.68%.
The last Return On Invested Capital (15.41%) for DAKT is above the 3 year average (9.95%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.89% | ||
| ROE | 4.4% | ||
| ROIC | 15.41% |
ROA(3y)2.72%
ROA(5y)2.24%
ROE(3y)6.07%
ROE(5y)4.82%
ROIC(3y)9.95%
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 1.29%, DAKT perfoms like the industry average, outperforming 56.10% of the companies in the same industry.
In the last couple of years the Profit Margin of DAKT has grown nicely.
DAKT has a better Operating Margin (8.58%) than 77.24% of its industry peers.
DAKT's Operating Margin has improved in the last couple of years.
The Gross Margin of DAKT (26.00%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of DAKT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.58% | ||
| PM (TTM) | 1.29% | ||
| GM | 26% |
OM growth 3Y44.25%
OM growth 5YN/A
PM growth 3Y23.23%
PM growth 5YN/A
GM growth 3Y2.81%
GM growth 5Y3.52%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DAKT is still creating some value.
The number of shares outstanding for DAKT has been increased compared to 1 year ago.
The number of shares outstanding for DAKT has been increased compared to 5 years ago.
Compared to 1 year ago, DAKT has a worse debt to assets ratio.
2.2 Solvency
DAKT has an Altman-Z score of 3.99. This indicates that DAKT is financially healthy and has little risk of bankruptcy at the moment.
DAKT has a Altman-Z score of 3.99. This is in the better half of the industry: DAKT outperforms 65.04% of its industry peers.
The Debt to FCF ratio of DAKT is 1.65, which is an excellent value as it means it would take DAKT, only 1.65 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of DAKT (1.65) is better than 75.61% of its industry peers.
A Debt/Equity ratio of 0.31 indicates that DAKT is not too dependend on debt financing.
The Debt to Equity ratio of DAKT (0.31) is worse than 65.04% of its industry peers.
Although DAKT does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 1.65 | ||
| Altman-Z | 3.99 |
ROIC/WACC1.53
WACC10.08%
2.3 Liquidity
DAKT has a Current Ratio of 2.17. This indicates that DAKT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.17, DAKT is in line with its industry, outperforming 43.90% of the companies in the same industry.
DAKT has a Quick Ratio of 1.48. This is a normal value and indicates that DAKT is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.48, DAKT is doing worse than 62.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.17 | ||
| Quick Ratio | 1.48 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.59% over the past year.
Measured over the past years, DAKT shows a very strong growth in Earnings Per Share. The EPS has been growing by 66.03% on average per year.
The Revenue has decreased by -0.39% in the past year.
Measured over the past years, DAKT shows a small growth in Revenue. The Revenue has been growing by 7.51% on average per year.
EPS 1Y (TTM)6.59%
EPS 3Y66.03%
EPS 5YN/A
EPS Q2Q%-38.6%
Revenue 1Y (TTM)-0.39%
Revenue growth 3Y19.28%
Revenue growth 5Y7.51%
Sales Q2Q%-2.77%
3.2 Future
DAKT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.14% yearly.
The Revenue is expected to grow by 4.81% on average over the next years.
EPS Next Y-11.71%
EPS Next 2Y0.14%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.29%
Revenue Next 2Y4.81%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
DAKT is valuated correctly with a Price/Earnings ratio of 14.78.
Compared to the rest of the industry, the Price/Earnings ratio of DAKT indicates a rather cheap valuation: DAKT is cheaper than 89.43% of the companies listed in the same industry.
DAKT is valuated rather cheaply when we compare the Price/Earnings ratio to 28.96, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 12.02, DAKT is valued correctly.
Based on the Price/Forward Earnings ratio, DAKT is valued cheaper than 87.80% of the companies in the same industry.
DAKT is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.82, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.78 | ||
| Fwd PE | 12.02 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DAKT indicates a rather cheap valuation: DAKT is cheaper than 89.43% of the companies listed in the same industry.
DAKT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. DAKT is cheaper than 84.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.55 | ||
| EV/EBITDA | 7.27 |
4.3 Compensation for Growth
DAKT has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.14%
EPS Next 3YN/A
5. Dividend
5.1 Amount
DAKT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
DAKTRONICS INC
NASDAQ:DAKT (11/21/2024, 8:21:55 PM)
After market: 14.34 0 (0%)14.34
-0.01 (-0.07%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap668.96M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.78 | ||
| Fwd PE | 12.02 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.89% | ||
| ROE | 4.4% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 8.58% | ||
| PM (TTM) | 1.29% | ||
| GM | 26% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.17 | ||
| Quick Ratio | 1.48 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)6.59%
EPS 3Y66.03%
EPS 5Y
EPS Q2Q%
EPS Next Y-11.71%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-0.39%
Revenue growth 3Y19.28%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y